Centra Software, Inc. (NASDAQ: CTRA) will hold its quarterly results conference call for the first quarter ending March 31, 2000,
at 10:00 a.m. (EST) today. During the call, Chairman and Chief Executive Officer Leon Navickas, Chief Financial Officer Stephen A. Johnson, and President and Chief Operating Officer Anthony J. Mark will discuss financial results and be available to answer questions about other topics related to Centra's strategy and opportunities. At 9:50 a.m. EST, interested participants should call 1-800-818-5264 in the U.S. or 1-913-981-4910 internationally. There will also be a live Webcast of the call on the Investor Relations section of Centra's Web
site at www.centra.com.
Centra Software, Inc. (NASDAQ: CTRA), the leader in software infrastructure that enables business people to interact and collaborate live on the Internet, today announced financial results for the first quarter ended March 31, 2000.
Total revenues increased to a record $3.8 million for the first quarter, a 270% increase over the same period last year and a 26% increase over the previous quarter. Product license revenues for the quarter were $3.2 million, a 27% increase over the previous quarter. On a pro forma basis, excluding the non-cash stock-based compensation expense, the net loss was $3.2 million, or ($0.15) per share in the first quarter of 2000, compared with a net loss of $2.2 million, or ($0.18) per share, for the same period in 1999.
"We had an outstanding first quarter that exceeded expectations, driven by demand for enterprise collaboration products and aggressive international expansion," said Leon Navickas, Chairman and Chief Executive Officer of Centra. "We added 50 new customers, including American Express, BroadVision, Goldman Sachs, Merck, and Exxon/Mobil, bringing our total installed customer base to more than 225 companies across all industries and geographies."
Navickas continued, "We've added over 10,000 new users to the CentraNow network meeting service during the quarter and more than 25 new eCommerce and service partners to the Centra Business Collaboration Network (CentraBCN). Today CentraBCN partners include Microsoft bCentral, inc.com, SkillsVillage, Ariba, Corio and others, representing a very large community of potential users that can take advantage of the unique capabilities of our live eBusiness collaboration services."
"As planned, we made significant investments in marketing, sales, R&D, and IT infrastructure to support the growth of our business," added Navickas. "And, we're seeing strong results from our indirect and partner channel expansion across Europe and Japan."
Navickas concluded, "We're optimistic about Centra's ability to expand upon our strong first quarter performance. We expect continued sales growth through new product introductions and increased demand for our solutions. Centra continues to out-distance competitors with the only complete offering to address the business collaboration needs of the enterprise. We also envision new strategic partnerships to strengthen the breadth of our products and services."
First Quarter Highlights
Company
--Centra had a successful initial public offering of 5,750,000 shares in February 2000. The company's stock is traded on NASDAQ under the symbol "CTRA."
--Centra announces significant international expansion with the addition of three new European sales and service facilities, and 12 strategic distribution partner agreements with leading consulting, systems integration, software, hardware, and training services companies.
--Published in February 2000, a Gartner Group report entitled, "The Virtual Classroom Providers - A First Quarter 2000 Evaluation," gives Centra 99 the highest overall score and names Centra the strongest vendor in the virtual classroom market.
Products
--Centra introduces premium membership services on the CentraNow network meeting service. Convenient low-cost packages augment free Web meeting capabilities with expanded capacity for large group meetings and collaborative business events on the Web.
--Centra transforms the economics of Web conferencing with Centra Conference 3.0, which integrates voice-over-IP to dramatically reduce teleconferencing charges and extensive end-user support services, required by competitive products.
--Major enhancements to the Centra 99 enterprise Web application provide a more robust collaboration environment, including live streaming video, greater accessibility across the Internet, and enterprise integration.
Partnerships
--Centra signs top eCommerce, content, and service companies to the Centra Business Collaboration Network. New partners include Microsoft bCentral, inc.com, ChannelWave, Corio, and SkillsVillage.com.
--Leading Learning Management System (LMS) vendors partner with Centra to offer best-of-breed' eLearning solutions. Arista, Docent, IntraLearn, ISOPIA, KnowledgePlanet.com, Pinnacle Multimedia, Saba and WBT Systems become charter members of Centra LMS Partner Program.
About Centra
Centra (NASDAQ: CTRA) is the leading provider of software infrastructure and a marketplace for live, business-to-business collaboration on the Internet. Centra's solutions include Centra 99, an enterprise Web application for high-velocity sales, marketing, services and eLearning; and the innovative CentraNow network service - a convenient Web destination for live, voice-enabled business meetings and events. The Centra Business Collaboration Network, the industry's first real-time B2B marketplace, utilizes this software infrastructure to enable the exchange of live collaborative services on the Internet. Centra's customers include Fortune 1000 companies such as Armstrong, Domino's Pizza, Kraft, Nationwide, Compaq, Sony, and Viacom. Centra has business and software partnerships with PricewaterhouseCoopers, Deloitte Consulting, Microsoft, Oracle, Ariba, and Global Knowledge. Headquartered in Boston's technology corridor, Centra has sales offices in North America, Europe and Asia. Visit Centra at www.centra.com. |
